Heidi Cruz Returns to Goldman Sachs in New Role in Houston

Updated on
1474650805_160923_heidi_cruz_getty

Senator Ted Cruz speaks as his wife, Heidi, looks on during a campaign event in Indianapolis on May 3, 2016.

Photographer: Photographer: Daniel Acker/Bloomberg
  • She’ll focus on helping win new clients, according to memo
  • Took leave last year to join campaign trail with husband

Heidi Cruz, who left Goldman Sachs Group Inc. last year to help her husband Ted Cruz in his quest for the Republican presidential nomination, is returning to the bank in a newly created role in the Houston office.

Cruz, 44, will concentrate on helping to win new clients, focusing on strategic relationships, according to a memo to staff Friday from Tucker York, global head of private-wealth management for the New York-based firm. She’ll report to David Fox, head of the southwest region for the wealth business.

“We are pleased to welcome Heidi Cruz back to the firm,” York wrote in the memo.

Cruz, a managing director, was head of the Houston office last year when she took unpaid leave to help with her husband’s ultimately unsuccessful campaign. A Harvard Business School graduate who worked in President George W. Bush’s administration, she joined the firm in 2005 and was promoted to managing director, the company’s second-highest rank, in 2012.

Ted Cruz, a freshman Republican senator from Texas, suspended his presidential campaign in May after a contest with Donald Trump that had become increasingly bitter, with Trump at one point tweeting an unflattering photo of Heidi Cruz.

Ted Cruz drew boos at the Republican National Convention in July, when he stopped short of endorsing Trump. Security officers escorted Heidi Cruz out of the arena after the speech as at least one Trump supporter shouted “Goldman Sachs” at her, CNN reported.

In a reversal on Friday, Ted Cruz said he would endorse Trump.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE